CEOs of the nation's biggest banks warn that new regulations could harm the economy
The heads of Wall Streetโs biggest banks used an appearance on Capitol Hill to plead with senators to stop the Biden administrationโs proposed changes to how banks are regulated, warning that the proposals could negatively impact the economy at a time of geopolitical turmoil and inflation.
Schumer and other Senate Democrats call for a federal probe of huge oil deals by Exxon and Chevron
Senate Majority Leader Chuck Schumer and other Democratic senators are urging federal regulators to investigate multibillion-dollar acquisitions by oil giants ExxonMobil and Chevron, saying the deals could lead to higher prices at the gas pump.
Joint Chiefs nominee wins over lawmakers but faces uncertain fate because of senator's hold
President Joe Bidenโs pick to serve as Americaโs top military officer is warning senators of the difficulties posed by any potential conflict in Asia and describing how he would use lessons learned from the Ukraine war to help the U.S. military prepare.
Medical credit cards may lead patients to overpay for their health care, Democrats warn
A group of Democratic senators is asking the Consumer Financial Protection Bureau to take action against medical credit cards such as CareCredit, saying the cardsโ deferred interest features are confusing and often lead to consumers paying high interest rates after a promotional period has ended.
Berkeley professor apologizes for false Indigenous identity
An anthropology professor at the University of California, Berkeley, whose identity as Native American had been questioned for years has apologized for falsely identifying as Indigenous, saying she is โa white personโ who lived an identity based on family lore.
Fraud, scam cases increasing on Zelle, Senate report finds
Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according to a report issued Monday by the office of Sen. Elizabeth Warren, giving the public its first glimpse into the growing problems at Zelle.
Trump-backed Diehl to take on Healey in Mass. governor race
A former state representative endorsed by former President Donald Trump, Geoff Diehl, has won the Republican nomination for Massachusetts governor over a businessman, Chris Doughty, who was considered the more moderate candidate in the race.
Democrats widen scrutiny of tech over abortion data privacy
Democratic lawmakers are widening their scrutiny into the role of tech companies in collecting the personal data of people who may be seeking an abortion, as lawmakers, regulators and the Biden administration grapple with the aftermath of the Supreme Court ruling ending the constitutional protections for abortion.
Biden's COVID symptoms improve; WH says he's staying busy
COVID-19 symptoms left President Joe Biden with a deep, raspy voice and persistent cough as he met Friday via videoconference with his top economic team, but he tried to strike a reassuring tone, declaring, โI feel much better than I sound.โ.
Warren slams McCarthy as โliar and a traitorโ over Jan. 6 tape
Democratic Sen. Elizabeth Warren is slamming Rep. Kevin McCarthy as a โliar and a traitorโ over recordings that show the House Republican leader, despite his denials, placing responsibility on Donald Trump for the Capitol riot and suggesting Trump should resign.
Senate confirms big slate of Biden ambassadors to end 2021
The Senate has confirmed more than 30 ambassadors and other Biden administration nominees after Majority Leader Chuck Schumer agreed to schedule a vote on sanctions on the company behind the Nord Stream 2 pipeline that will deliver natural gas from Russia to Germany.
Under pressure, Powell says Fed to revamp its trading rules
Federal Reserve Chair Jerome Powell said the central bank will overhaul its financial ethics policies in response to growing questions about investing and trading decisions by high-ranking Fed officials that raise potential conflicts of interest.